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Jesse James: 'I Deserve Everything Bad That's Coming My Way'

Jesse James has broken his silence about his alleged infidelity and issued an apology to wife Sandra Bullock and his children.

"It's because of my poor judgment that I deserve everything bad that is coming my way," he told People magazine in a statement. "This has caused my wife and kids pain and embarrassment beyond comprehension and I am extremely saddened to have brought this on them. I am truly very sorry for the grief I have caused them. I hope one day they can find it in their hearts to forgive me."

The motorcycle dude calls the allegations "untrue and unfounded," but said "There is only one person to blame for this whole situation, and that is me."

Bullock abruptly canceled a trip to London for the premiere of her film "The Blind Side" after a tattoo model gave an exclusive interview to In Touch magazine, detailing her account of the alleged affair with James.